To amend the Federal Reserve Act to ensure transparency in the conduct of monetary policy, and for other purposes.
Monetary Policy Transparency and Accountability Act of 2017
This bill amends the Federal Reserve Act to require the Federal Open Market Committee to annually publish its monetary policy strategy. The strategy must include short-term interest-rate targets, open-market operations, and earnings on Federal Reserve bank balances. The Chairman of the Federal Open Market Committee is required to report on such strategy semiannually.
Placed on the Union Calendar, Calendar No. 883.
Introduced in House
Introduced in House
Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral.
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported by the Yeas and Nays: 33 - 26.
Reported by the Committee on Financial Services. H. Rept. 115-652.
Reported by the Committee on Financial Services. H. Rept. 115-652.
Placed on the Union Calendar, Calendar No. 500.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line